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Solidarity with Ukraine, and shame on HSBC and other UK institutions

Solidarity with Ukraine, and shame on HSBC and other UK institutions

2 March 2022 | News, Press release

Market Forces stands in solidarity with the people of Ukraine, who have been subjected to a brutal and illegal invasion perpetrated by the Russian military.  We are also appalled that governments and financial institutions are invested in Russian companies –...

New HSBC oil and gas targets are ‘trying to con investors’ as bank’s annual report released 

22 February 2022 | News

Fossil fuel expansion continues to be permitted under new policy, failing most important acid test for alignment with net-zero by 2050Huge loopholes allow emissions targets to be met through creative accounting instead of restricting finance to oil and gasHSBC’s...
Repeat offenders HSBC & Standard Chartered line up to bankroll ‘bet against the Paris Agreement’

Repeat offenders HSBC & Standard Chartered line up to bankroll ‘bet against the Paris Agreement’

20 January 2022 | News

HSBC and Standard Chartered are amongst eighteen global banks that have loaned to a gas processing facility that paves the way for a carbon bomb [1] at the scale of 15 coal power stations. HSBC and Standard Chartered are among the banks named as lenders to Global...

HSBC new coal policy ignores elephant in the room of bank’s ownership of new coal power

14 December 2021 | News

Policy allows HSBC Global Asset Management’s huge investment in companies building 99 gigawatts of new coal plants to continue, Financing able to continue for problem coal companies like Adaro (Indonesia) and Adani (India) HSBC’s long-awaited new coal policy, a...

UK banks competing in ‘Race to Disaster’ ahead of UN Climate talks

19 August 2021 | News, Press release, Uncategorized

HSBC and Barclays neck-and-neck for funding fossil fuels this year so far – funding US$4.5 billion and $4.4 billion respectively in fossils – despite climate pledges. The top UK fossil-funding banks – Barclays, HSBC and Standard Chartered –...
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Recent Posts

  • Has Lockton put ethics aside to back Adani’s disastrous coal mine?
  • Standard Chartered AGM – shareholders rebel against management on climate change
  • ANALYSIS: Standard Chartered funds fossil fuel projects in 2021 that will emit five times the entire UK’s annual emissions
  • Standard Chartered Bank hit with protests on opposite sides of the world as AGM vote on ending fossil fuel expansion finance approaches
  • London-based financial services company GLAS latest to risk shattering its reputation on Adani’s coal project

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  • London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth – Market Forces UK #StopAdani #StopEcocide #auspol #NoNewCoal Stop stealing our children’s future! – Climate Action Australia on London-based Convex Insurance could insure one of the most environmentally destructive projects on Earth

About Market Forces

Market Forces believes that the banks, pension funds and governments that have custody of our money should use it to protect not damage our environment.

Our work exposes the institutions that are financing environmentally destructive projects and helps people to hold these institutions accountable. We work with the community to prevent investment in projects that would harm the environment and drive global warming.

Market Forces is an international organisation headquartered in Australia.

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